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Insuring export business as exporter / lessor

Leasing Cover

Brief description

With leasing cover a German lessor (manufacturer/exporter or leasing company) protects himself against the loss of the amounts owing from a foreign lessee under a cross-border lease.

Target group

German lessors (manufacturers/exporters or leasing companies)

Payment terms of the covered transactions

  • Short-term (up to 2 years)
  • Medium/long-term (2 years and longer)

Insurable risks

Leasing cover offers protection against payment default, particularly if

  • the lessee becomes insolvent
  • the lessee fails to make payment within either one or six months after due date depending on the type of leasing cover (protracted default)
  • adverse measures are taken by foreign governments or warlike events arise
  • local currency amounts are not converted or transferred
  • goods are confiscated due to political circumstances
  • contract performance becomes impossible due to political circumstances

Special features

Limited in time until the end of 2011, cover for Bulgaria, Iceland, Latvia, Lithuania and Romania, in principle classified as marketable risks, is possible. Further information (German version only).

Premium

  • Single premium calculated as a percentage of the covered contract amount (excluding interest) as well as specific processing fees
  • For a detailed calculation there is an interactive premium calculator available.

Uninsured portion

  • Standard leasing cover
    • 5 % for political risks
    • normally 15 % for commercial risks
  • Leasing cover at enhanced conditions (preconditions among others: leasing of capital goods, qualified leasing company acting between the manufacturer and the lessee, assignment typical for leasing transactions has been agreed) 5 % for all risks

Supplementary cover

If required, leasing cover can be supplemented with

  • Manufacturing risk cover
  • Confiscation risk cover
  • Contract bond cover
  • Counter-guarantee

For advice please contact

Phone: +49 (0) 40 / 88 34 - 90 00
Email: info(at)exportkreditgarantien.de

Downloads

Product Information: Leasing Cover (210 KB)

Hermes Cover Special: Leasing Cover (169 KB)

Attachment to the Application for an Export Credit Guarantee for a Leasing Transaction abroad (German version only) (119 KB)
Attachment to the Application for an Export Credit Guarantee for a Leasing Transaction abroad (German version only) (78 KB)

Attachment to the Application for an Export Credit Guarantee for a Leasing Transaction abroad (enhanced conditions) (German version only) (119 KB)
Attachment to the Application for an Export Credit Guarantee for a Leasing Transaction abroad (enhanced conditions) (German version only) (76 KB)

Letter of Undertaking as Attachment to the Application for an Export Credit Guarantee for a Leasing Transaction abroad (enhanced conditions) (German version only) (70 KB)
Letter of Undertaking as Attachment to the Application for an Export Credit Guarantee for a Leasing Transaction abroad (enhanced conditions) (German version only) (74 KB)

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